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FP&A stands for "financial planning and analysis," and is the backbone of the modern finance department. It’s the budgeting, financial forecasting, financialanalysis, and decision-making that support an organization's health and strategy. What is FP&A? 3 Key Pointers. Data source agnostic.
Apart from the challenges covered above, the main reason that many organisations still handle PDF data extraction manually is that: Conventional PDF data extractors typically extract everything in one go from a PDF and not just the specific data or key value pairs that are important for a particular business usecase.
You can also schedule a demo to learn more about our IDP usecases ! This allows businesses to easily access and use the data that has been extracted, without having to manually enter it into another system. Start using Nanonets for Automation. Find out how Nanonets' usecases can apply to your product.
Opportunity Cost: The time and resources spent on manual reconciliation could be better utilized for more strategic activities, such as financialanalysis, forecasting, or business development initiatives.
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